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Multibagger defence stock hits record high after board clears stock split, fundraising

Shares of Premier Explosives zoomed over 5% to a record high on Friday after board of the defence firm approves a stock split in the ratio of 1:5. Premier Explosives stock gained 5.14% to Rs 2125 against the previous close of Rs 2021.05 on BSE. The board of the firm also approved raising of up to Rs 400 crore.
Premier Explosives Rupees Four Hundred Crores Explosives Limited

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